Ransomware Rebuff: Companies Clap Back at Cyber Crooks with Record Low Payouts in 2024

Ransomware’s bad year: only 28% of companies caved to cyber shakedowns in early 2024. Tougher defenses and legal pressure are clipping the wings of digital extortionists, despite their billion-dollar payday. Who’s laughing now, ransomware rogues? #RansomwareDownfall

Hot Take:

Well, well, well, it looks like the ransomware racket is having a bit of a cash flow problem! With only 28% of companies deciding that coughing up Bitcoin to cyber hoodlums is a good idea, we're seeing a new trend of digital defiance. Maybe these companies finally realized that giving lunch money to the cyber bully doesn't stop them from coming back for more. Now, if only someone could explain why, despite this newfound courage, we’re still shelling out more cash than ever to these online villains...

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